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Consider a market in perfect competition currently in equilibrium. If the incomes of consumers in this market increased (normal good): Group of answer choices there

Consider a market in perfect competition currently in equilibrium. If the incomes of consumers in this market increased (normal good): Group of answer choices there would be no immediate change existing firms in this market would begin to experience economic profits their would be a shortage of goods new firms would enter this market in the short run firms would keep their prices low to avoid competition from new firms

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